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You have just heard that a tenant has been injured on your property, are you liable? Well, it depends on the circumstances. The injury has to be related to something you did or failed to do to the property. A tenant tripping over their child’s toy in their unit is in no way your responsibility. But if your tenant trips over torn carpet in the common hallway and breaks an arm this could be your responsibility.
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If you have a tenant who has filed for bankruptcy, is still residing in your property and not paying rent or violates your lease in some other manner, you may not be able to evict them, or even send them a notice of termination of the lease. However, there are steps you can take to remedy the situation. Bankruptcy is not a free pass for your tenant.
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If you’re a renter and your unit needs a repair you don’t necessarily have to wait for your landlord to step up and fix the problem. Although, you do have to give your landlord a reasonable amount of time to remedy the situation themselves before you step in.
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Owning a home is the basic foundation of achieving The American Dream. For minority cultures in America, homeownership has historically been a milestone revealing that they have made it here in this country. As a result, many cultural communities are concerned about the fact that the recent home foreclosures sweeping the nation have created a setback for the minority homeowner.
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When it’s time to move to a new home, you have two options. You can hire a moving company to transport all of your boxes and furnishings to the new home or you can roll up your sleeves and get ready for some hard work yourself.
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If you’re going to make the sometimes-risky investment in real estate, you should make sure that you protect your purchase and your new property with the right type of insurance. The type of insurance that you’ll get depends on what your involvement is with the home (whether it’s your primary residence or a rental property) and whether you desire any additional or extended insurance.
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The reverse mortgage is a home equity loan available to senior citizens. It essentially takes the home equity that the individual has already invested in his or her real estate and gives it back to the home owner. It is primarily used by seniors who are at risk of losing their homes as a result of the high cost of living that they experience after retirement.
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Probably the most litigated issue between landlords and tenants is the security deposit. Going to court can be expensive and can drain that deposit, leaving you with nothing for the repairs. As a landlord it’s important to iron out all of your security deposit rules when you first rent to a new tenant.
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